Banking

According to the NBU, in 2010 the net loss of Ukrainian banks amounted to UAH 13.2 bln. Revenues of banks amounted to UAH 136.85 bln, charges – 149.87 billion USD.

Net loss of Ukrainian banking system in 11M10 amounted to USD 1.2 bln, which is 66% lower than in 11M09.

Assets of Ukrainian banks increase in 11M10 by 7.3% to USD 118.8 bln. Clients’ accounts added 1.6% in November.

Total assets of Ukrainian banks increased by 1.3% in October to UAH 1077.6 bln. At the same time, banking system liabilities rose 1.4% to UAH 795.4 bln.

In 3Q10, Ukrsotsbank posted a net income of USD 0.74 mln. 9M10. The bank finished with USD 3 mln.

Raiffeisen Bank Aval posted a net loss of USD 0.13 million in 3Q10, while in 1Q10 and 2Q10 the bank had USD 2.77 million and USD 1.76 million of net income, respectively. In 9M10, Bank Aval finished with USD 4.4 million.

Vice Prime Minister Sergey Tigipko says the current Ukrainian banking system has no significant problems and presents no risk.

International rating agency Fitch Ratings has confirmed long term ratings for Ukrsotsbank (А/negative) and Forum (А+/stable).

International reserves of the National Bank of Ukraine (NBU) grew by 5.9% to USD 32.7 bln in August 2010, providing an increase of 8M10 by 23.3%.

The NBU expects consumer inflation to be 10.5% in 2010 and 11.2% in 2011 if current monetary policies remain unchanged and all IFM criteria are satisfied.